Nanya, Infineon Form Venture
To Build Chip Plant in Taiwan

By

Terho Uimonen Staff Reporter of The Wall Street Journal

Updated May 2, 2002 12:01 a.m. ET

TAIPEI, Taiwan -- Nanya Technology Corp. of Taiwan and Infineon Technologies AG of Germany have agreed to form a joint venture that will build an advanced, multibillion-dollar memory-chip plant in Taiwan.

The two companies are scheduled to sign a memorandum of understanding Thursday to jointly build a 300-millimeter-wafer plant in which Infineon will take an undisclosed stake, according to Nanya officials who asked not to be named. This type of plant usually costs US$2 billion to US$3 billion (&euro;2.21 billion to...